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  HOME | Mexico

Mexican Industrial Output Up 0.7% in January

MEXICO CITY – Mexican industrial production rose 0.7 percent in January relative to the same month of 2013, the National Statistics Institute (INEGI) said.

That increase was driven mainly by greater output in the manufacturing sector, up 2.5 percent, while utilities posted a 0.3 percent gain, the institute said in a statement.

By contrast, construction and mining output fell 2.5 percent and 0.1 percent, respectively, in the first month of 2014 compared to January 2013.

Industrial production climbed 0.51 percent in January compared to December 2013 on a seasonally adjusted basis.

Manufacturing rose 2.3 percent, while construction fell 1.2 percent, utilities slipped 0.9 percent and mining edged down 0.06 percent.

Mexico’s economy expanded a paltry 1.1 percent in 2013, but the government is forecasting 3.9 percent GDP growth this year.

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